Firms pay 'deferred associates' to do public interest work

Some large law firms that had committed to hire associates before the economic downtown have come up with an innovative tactic. They are paying the "deferred associates" stipends to spend a year doing public interest work until the business slowdown ends -- for as little as a third of the salary they'd expected. The programs were "a creative response by the firms to what was a very ugly crisis," Barbara Arnwine, executive director of the Lawyers' Committee for Civil Rights Under Law said. "My wish going forward is that what you can do in bad times you can do in good times." ABAJournal.com explores the possibility of such programs becoming permanent.

WATE.com carried this AP story

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BETTY L. DAVIS v. A. V. CONNER AND TIMOTHY BRYAN CONNER

Court: TCA

Attorneys:

Phillips M. Smalling, Byrdstown, Tennessee, for the appellant, A. V. Conner.

Jon E. Jones and Andrew R. Binkley, Cookeville, Tennessee, for the appellee, Betty L. Davis.

Judge: KIRBY

This case involves a claim of promissory fraud. The plaintiff is an elderly widow who lives on a farm. The defendant is in the oil business. The defendant approached the widow about drilling for oil on her farm. He told the plaintiff that if she invested in the oil wells, he would match her investment equally and manage the oil wells on her property. He proposed that they share in any profits 65% to the plaintiff widow, and 35% to the defendant. The widow agreed. Over several years, the widow invested over $100,000 in five oil wells. Some of the wells produced oil, and the resulting profit was shared 65%/35%. The widow later discovered that the defendant had not, in fact, invested any of his own money in the oil wells, and that he was mismanaging them. The widow then filed this lawsuit against the defendant for misrepresentation, fraudulent inducement, and mismanagement of the oil wells. After a bench trial, the trial court awarded the widow compensatory damages and punitive damages. It also divested the defendant of any future interest in the oil wells on the widow's property. The defendant now appeals. We affirm the trial court's decision in all respects.

http://www.tba2.org/tba_files/TCA/2009/davisb_102309.pdf


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